Edinburgh Park

Section A

Your Trustee Directors

BTPS has a corporate trustee, BT Pension Scheme Trustees Ltd, and this  company currently has nine Trustee Directors. In addition to the Chairman*,  there are four employer nominated Trustee Directors and four member nominated Trustee Directors on the board. 

*The Chairman is appointed by BT with the agreement of the recognised BT Trade Unions and NFOP.

Click each photograph to read their biography.

Paul Spencer CBE (Chairman)

Appointment
Paul was appointed as Chairman of the Trustee Board on 1 March 2011, having been a Trustee Director since 1 September 2009. He is chair of the Investment Committee, and was a member of the Audit Committee until 18 May 2017. He is also non-executive chair of BTPSM, and a member of its remuneration committee.

Biography
Paul was appointed non-executive chair of the Prudential Assurance Company Limited, the UK subsidiary of Prudential plc, in January 2016. He is an independent trustee and chair of the Rolls-Royce Pension Fund, and a governor of Motability.

Paul was non-executive chair of Hermes Fund Managers Limited until 31 March 2016. He was formerly a non-executive director of WPP, NipponKoa Europe Insurance and TR Property Investment Trust and a former chair of State Street Managed Pension Funds. He is a past president of the Association of Corporate Treasurers and past chair of NS&I (National Savings and Investments).

Paul was appointed CBE in the 2010 New Year’s Honours ‘for services to financial services’.

Adrian Askew

Appointment
Adrian was appointed to the Trustee Board on 11 January 2011. He is chair of the Administration and Communications Committee and is a non-executive director of BTPSM and chair of its remuneration committee.

Biography
Adrian became a national official of Connect (now the Bectu Sector of Prospect) in 1987 and retired as general secretary of Connect at the end of 2009. He was lead officer on pensions matters for the BT unions from 1997 to 2003 and was chair of the trustees for the Connect Pension and Life Assurance Scheme from 2003 to 2009. Adrian is a member of the National Federation of Occupational Pensioners (NFOP).

David Felder

Appointment
David represents, and is a director of The Law Debenture Pension Trust Corporation plc, a professional independent trustee of pension schemes. The Law Debenture Pension Trust Corporation plc was appointed to the Trustee Board on 15 September 2011. He is a member of the Investment Committee and the Responsible Investment Oversight Committee. He stepped down as a member of the AVC Committee on 18 May 2017. He is also a non-executive director of BTPSM.

Biography
David has over thirty years of experience working with pension funds in both the public and private sectors, first at Morgan Grenfell as a fixed income fund manager and then at Kleinwort Benson where he was head of fixed income between 1992 and 1998. He is a fellow of the Chartered Institute for Securities and Investment.

Ben Marshall

Appointment
Ben was appointed to the Trustee Board on 11 January 2017. He was appointed as a member of the Audit Committee and the AVC Committee on 18 May 2017.

Biography
Ben has been a trustee of a number of pension schemes continuously for over thirty years, and until his recent retirement was both chair of the General Federation of Trade Unions Pension Scheme and a member of the board of governance of the Steria Defined Contribution Scheme since its creation in 2010. He has also been a trustee of the BT Retirement Plan (now the BTRSS and now a GPP) and the Accenture AHRS DC scheme.

Ben was National Secretary of the Prospect Communications, Media and Digital Sector until May 2017. In that role, he was responsible for leading all negotiations with BT (and many other telecoms employers) on pensions on behalf of Prospect members. Before becoming a union official in 1984, he worked for the Post Office as an engineer. He has a pension from the Post Office Statutory Pension Scheme and is a member of the NFOP.

Billy McClory

Appointment
Billy was appointed to the Trustee Board on 1 September 1997. He is a member of the Investment Committee and the Responsible Investment Oversight Committee, and was a member of the Audit Committee until 18 May 2017. He is also the senior non-executive director of Hermes Fund Managers Limited.

Biography
Billy was employed by Post Office Telecommunications from 1968 to 1978. He is a former national officer of the CWU and its predecessor unions the Civil and Public Services Association and the National Communications Union (NCU). He was responsible for negotiations on pensions matters in the telecommunications and financial services sector and was the lead officer for pensions matters for the BT unions. He is a trustee of the NCU Staff Superannuation Scheme and was chair of its trustee board until 2011. He is a former trustee of the BT Retirement Plan. Billy is a member of the NFOP.

Jim McInally

Appointment
Jim was appointed to the Trustee Board on 26 November 2012. He is a member of the Administration and Communications Committee, the Responsible Investment Oversight Committee and the AVC Committee. He is also an independent adviser to the BTPSM remuneration committee.

Biography
Jim is HR director for BT Group. He is a member of BT’s senior leadership team, a trustee of the BT Healthcare Trust and the BT Rehabilitation Trust. Jim has extensive experience in remuneration and benefits and has held senior remuneration and benefits director roles at four FTSE100 companies. He read Economics & Industrial Relations at the London School of Economics & Political Science, and Social Studies & Quantitative Methods at the University of Oxford. He has further qualifications in Theology, Moral Philosophy & Social Ethics and in Electrical & Electronic Engineering.

Keith Nichols

Appointment
Keith was appointed to the Trustee Board on 15 May 2017. He was appointed a member of the Investment Committee, the Administration and Communications Committee and the Audit Committee on 18 May 2017.

Biography
Keith was recently chief financial officer and member of the board of management at AkzoNobel N.V., where he played a key role in the sale of Organon BioSciences to Schering Plough and in the acquisition of ICI plc and its related pension liabilities. Prior to joining AkzoNobel in 2005, he held various senior finance positions across

a number of industrial sectors for companies such as Corus Group plc, TPG N.V., WPP plc and BET plc. He is a Fellow of the Association of Corporate Treasurers.

Beryl Shepherd

Appointment
Beryl was appointed to the Trustee Board on 1 June 2009. She is chair of the AVC Committee and a member of the Administration and Communications Committee.

Biography
Beryl has been employed by BT since 1978 and is currently a member of the National Executive Committee of the CWU, a position that she has held since 2002. Since 2011 she has held the position of chair of the Telecoms & Financial Services Executive of the CWU. She is an active member of the Scheme and a member of the NFOP.

John Wroe

Appointment
John was appointed to the Trustee Board on 1 July 2007. He is chair of the Audit Committee, a member of the Investment Committee, and was appointed chair of the Responsible Investment Oversight Committee on 18 May 2017.

Biography
John joined BT Group in 1992 and held a number of senior finance roles until his retirement from his executive role in May 2017. Immediately prior to retirement, he was group director of treasury for BT Group, responsible for BT’s worldwide treasury and insurance activities. He was a member of BT’s senior leadership team. Prior to joining BT he worked for Coopers & Lybrand (now part of PricewaterhouseCoopers). He is a Chartered Accountant. John is a deferred member of the Scheme.